David Zaslav Sells $114 Million Worth of Warner Bros. Discovery Stock
David Zaslav, the president and chief executive of Warner Bros. Discovery, filed to divest just over $114 million of the company’s stock. This move comes less than a week after Warner Bros. Discovery reached an agreement to be acquired by Paramount Skydance for $31 per share, a deal that followed Netflix’s decision to walk away from its own Warner Bros. arrangement.
Zaslav is selling 4,004,149 shares of Warner Bros. Discovery, with a total market value of $114,118,246, according to an SEC filing released by the company on Tuesday. The sale date is listed as March 3. The shares sold were granted to him between January 2023 and February 2026 as part of his employment agreement with Warner Bros. Discovery.
Beyond the shares sold, Zaslav holds additional WBD stock and options that remain eligible to vest if Paramount Skydance’s $111 billion purchase of the company closes, under the terms of WBD’s amended agreements with Zaslav and other top executives in November. If the deal goes through, Zaslav’s net worth is expected to exceed $1 billion.
In recent years, Zaslav has been among the highest-earning executives in the media and entertainment industry. In 2024, his compensation rose by 4.4% to $51.9 million, including a $3 million base salary, stock awards worth $23.1 million, a $23.9 million bonus, and $1.9 million in other compensation.
In June 2025, following a largely advisory shareholder vote that criticized the pay packages for Zaslav and other top executives, Warner Bros. Discovery signed a revised employment agreement with Zaslav. The new deal is described by the company as reducing his annual cash compensation opportunities and shifting the overall pay mix toward long-term incentives.
